Module 7.) Data Analysis and Risk Categorization Flashcards
The degree or amount of risk that the owner, manager, or controlling authority is willing to accept.
Acceptable Risk
A tool for categorizing the combined likelihood of a failure impacting a target.
Likelihood Matrix
A rectangular array of rows and columns used to facilitate problem solving or decision making.
Matrix
The concept that any tree, part, or failure mode could represent more than one type of risk.
Multiple Risks
The process of assigning risk and risk factors to categories based on the severity or hierarchy.
Risk Categorization
The process of comparing the assessed risk against given risk criteria to determine the significance of the risk
Risk Evaluation
A tool for ranking and displaying risks by assigning ratings for consequences and likelihood.
Risk rating matrix
The subjective perceived level of risk from a situation or object, often differing from the actual level of risk.
Risk Perception
Degree of risk that is acceptable to the owner, manager, or controlling authority.
Risk Tolerance
Time period for which an assessment is defined
Time Frame.
T - F When more than one defect or condition is present in a tree, the defects should be considered alone and in combination with other conditions
True
T-F When there are multiple levels of risk within a tree, identify the failure mode having the greatest risk and report that as the overall risk rating.
true
T-F How people perceive risk and their need for personal safety is inherently subjective; therefore, risk tolerance and acceptable risk thresholds vary among tree owners/ managers.
True
Combine the likelihood of failure and impact with the expected consequences of failure to determine a risk rating using the ____ _____ ___ ______
Risk rating matrix
Likelihood of failure
Imminent,
Probable,
Possible,
Improbable,